Estimate $6.44m – $8.86m
4
243 Lower Shotover Road, Speargrass Flat
Title boundary · 6,012 m² · LINZ
Unclaimed
64 Speargrass Flat Road, Speargrass Flat
Queenstown · Queenstown-Lakes District
Last sold Feb 2014
OwnBetter estimate
$6.93m
Low confidence
We estimate it would sell for $6,930,000 as at 5 October 2026, in a range of $5,700,000 to $8,450,000.
Typical home in Speargrass Flat
$5.66m
The median of our estimates of its 250 homes
$5.7mLow
$6.42mCouncil value
$6.93mEstimate
$8.45mHigh
How we worked this out
| Council valuation, Sept 2024 | $6,420,000 |
|---|---|
| Market movement in Queenstown-Lakes District since the council valuation | +6.4% |
| How Speargrass Flat sells against council values | +0.8% |
| Homes of this age in Speargrass Flat | +0.1% |
| Homes in this price range | +0.2% |
| Land as a share of the value | +0.3% |
| Our estimate | $6,930,000 |
We start from the council's rating valuation, move it by how sales in the area have moved since against their own council values, then by how properties like this one, nearby sales have done against the same arithmetic. Each step is an average of real sales. Tested every month against sales we had not seen: half land within about 6% of our estimate, and about 8 in 10 within the range. This is an automated estimate, not a registered valuation.
My notes
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Sign in for the free reportHome expense estimates
Estimates from the floor area and typical New Zealand prices, not quotes. Power, gas and internet details from the Electricity Authority and Gas Industry Co registries and Chorus.
Home loan
Every rate from 36 lenders →What it would cost to buy 64 Speargrass Flat Road
Estimated repayments
$12,944
$5,544,000 at 4.49% 1 year fixed with China Construction Bank, over 30 years Loan length
1 year fixed today · 17 lenders
Lowest4.49%
CCB · special
CCB · specialAverage5.02%
Highest5.35%
Kookmin
KookminThe lowest rather than the highest is $1,338 less a fortnight — about $34,790 over the 1 year.
All 17 lenders at 1 year fixed
- China Construction Bank4.49%s$12,944/fn
ICBC4.65%s$13,188/fn
Bank of China4.68%s$13,234/fn
AIA New Zealand4.99%$13,714/fn
ANZ Bank New Zealand4.99%s$13,714/fn
ASB Bank4.99%$13,714/fn
Bank of Baroda4.99%$13,714/fn
Police Credit Union4.99%$13,714/fn
TSB Bank4.99%s$13,714/fn
Unity Credit Union4.99%s$13,714/fn
Kiwibank5.15%s$13,965/fn
Bank of New Zealand5.19%$14,028/fn
SBS Bank5.19%s$14,028/fn
The Co-operative Bank5.19%s$14,028/fn
Westpac New Zealand5.19%s$14,028/fn
First Credit Union5.29%s$14,186/fn- Kookmin Bank Auckland Branch5.35%$14,282/fn
Brokers can often beat the advertised rate Tell us a few things and mortgage brokers compete to finance 64 Speargrass Flat Road. Free for you — lenders pay brokers — and nobody sees your name until you choose one.
Principal and interest at the lowest advertised card rate, held for the whole loan — no New Zealand rate is. A guide, not a lending offer or financial advice. How much could you borrow? · Mortgage calculator
Investor insights
64 Speargrass Flat Road as a rental
Rent estimate$1,115/wk$970–$1,280 · Little evidence
Gross yield0.8%$57,980 a year on $6.93m
Net yield0.7%After $10,258 of costs
Cash flow−$3,765/wk30% deposit, interest only at 5.02%
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate 5.02% is today’s 1-year average | ||
| Rent a week our estimate $1,115 | ||
| Property manager | ||
| Rent, 52 weeks | $57,980 | |
| Empty between tenants 2 weeks | ||
| Property management 9.2% incl. GST | ||
| Maintenance 5% of rent | ||
| Council rates this year | ||
| Landlord insurance the building | ||
| Net income before interest | $47,722 | |
| Interest $4,851,000 at 5.02%, interest only | −$243,520 | |
| Cash flow before tax | −$195,798 | |
| Cash flow a week | −$3,765 | |
| Gross / net yield on the price | 0.8% / 0.7% | |
| Return on equity cash flow on the deposit, before tax | −9.4% | |
| Loses money above this interest rate, before tax | 0.98% | |
Type over any figure, add your own lines, or add a scenario to compare.
The rent covers the interest at rates up to 0.98%. That is -9.4% a year on a $2.08m deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area336 m²
- Decade built2010s
- Bedrooms5
- Bathrooms3
- Parking2 car spaces
- Property categoryUse not published
- CouncilQueenstown-Lakes District
- Valuation #29071-19901
- Valuation date1 Sep 2024
From the council’s rating records and the other sources noted on hover. Bedrooms and bathrooms may come from a past listing. Built is the decade the valuer records.
Title and land
Order a title record- Title number50114
- Title typeFreeholdGuaranteedStandard registered title
- Estate descriptionFee Simple, 1/1, Lot 3 Deposited Plan 312744, 6,000 m2
- Legal descriptionLot 3 Deposited Plan 312744
- Land area6,012 m²
- Title issued19 Nov 2003
- Land districtOtago
Registered instruments10 registered instruments on this titleEasement Certificate ×4 · Easement Instrument ×3 · Consent Notice under s221(4)(a) Resource Management Act 1991 · Covenant (All types except Land covenants) · Variation of Consent Notice Condition under s221(5) Resource Management Act 1991 Only routine instruments registered See the title summary →
Owners and the parties to each instrument are not published on this page. Order the record of title to see them.
Getting around
Listings
Selling this property, or the agent for it? Import the listing from your agency's site or a portal and it appears here, free: photos, price, open homes and your details, beside the council record buyers are already reading.
Building consents
Building work the council has consented on this property, newest first. 3 consents on record.
- Date not publishedNew$60,000 declared
Erect New Dwelling
Consent BC980107 · Queenstown-Lakes District - Date not publishedNew$680,000 declared
Construct New Dwelling
Consent BC110809 · Queenstown-Lakes District - Date not publishedAdds/Alts$800 declared
Convert Sleepout To Self Contained Dwellunit
Consent BC980615 · Queenstown-Lakes District
Resource consents
What the council has been asked to allow under the Resource Management Act. None on this property · 6 land use or subdivision consents within 250 m.
Within 250 m
- 13 Sep 2021Land use
DUNCAN COTTERILL NOMINEE (HAWKES BAY) LIMITED - TO CONSTRUCT FOUR (4) RESIDENTIAL ACCESSORY BUILDINGS OUTSIDE BUILDING PLATFORM AT 62 SPEARGRASS FLAT ROAD, QUEENSTOWN
RM210607 · Queenstown-Lakes District119 mGranted - 19 Oct 2020Subdivision
V BUCKHAM - TO UNDERTAKE A BOUNDARY ADJUSTMENT AT 31 SPEARGRASS FLAT ROAD, QUEENSTOWN
RM200835 · Queenstown-Lakes District202 mGranted - 23 Mar 2017Land use
CONSTRUCT A TENNIS COURT, GAZEBO AND OUTDOOR FIREPLACE, AND VARIATION OF CONSENT NOTICE TO ALLOW FOR THESE TO BE LOCATED OUTSIDE OF BUILDING PLATFORM, AND VARIATION OF RM110820 AT 88 SPEARGRASS FLAT ROAD, WAKATIPU BASIN
RM170271.1 · Queenstown-Lakes District245 mGranted - 23 Mar 2017Subdivision
CONSTRUCT A TENNIS COURT, GAZEBO AND OUTDOOR FIREPLACE, AND VARIATION OF CONSENT NOTICE TO ALLOW FOR THESE TO BE LOCATED OUTSIDE OF BUILDING PLATFORM, AND VARIATION OF RM110820 AT 88 SPEARGRASS FLAT ROAD, WAKATIPU BASIN
RM170271.2 · Queenstown-Lakes District245 mGranted - 14 Oct 2016Land use
CONSTRUCTION OF A SWIMMING POOL AT 88 SPEARGRASS FLAT ROAD, WAKATIPU BASIN
RM161008 · Queenstown-Lakes District245 mGranted - 9 May 2016Land use
VARY CONDITION 1 OF RM110820 OF A LAND USE CONSENT FOR A RESIDENTIAL UNIT & VARY CONDITIONS 14(F)(II), 14(F)VII) & 14(G)(I) OF CONSENT NOTICE 8860256.3 FOR BUILDING OUTSIDE RBP, ROOF PITCH & LANDSCAPE AT 88 SPEARGRASS FLAT ROAD, WAKATIPU BASIN
RM160361 · Queenstown-Lakes District245 mGranted
Ministry for the Environment, National Monitoring System, July 2014 to June 2025. All resource consents
Unclaimed
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Zoning and hazards
What the council's published maps say about this land. A map is a model of a storm, not a record of one: a LIM or a flood report says more.
We do not hold flood maps for Queenstown-Lakes District yet.
What could you build here?
See whether a granny flat fits beside the house: the Building Act exemption, the national granny flat rules and the zone’s own. Then ask builders to price the shape you pick.
About Speargrass Flat
Queenstown-Lakes District
275
Properties on the rating roll
1 Sep 2024
Last council revaluation
Counts describe the records we hold for this territorial authority, not a market forecast. Our estimate above is automated, not a registered valuation; how it was reached is shown with it. Every council figure on this page can be checked against the council's own record.
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Agents active in Speargrass Flat
People whose office is within 5 km of Speargrass Flat, nearest first. Taken from the REA public register -- not ranked by sales, and nobody pays to appear here.
Independent
Theresa ChapmanSalesperson
Independent
Lily DykesSalesperson
Independent
Bernard O'MalleyAgent
Independent
Harry HollyerAgent
Independent
Natalie TothSalesperson
Independent
Thomas MacaulaySalesperson
Independent
Bronte AdamsSalesperson
Independent
Peter BennettsSalesperson
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Adam EvansSalesperson
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Claire GreenwoodSalesperson
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Marc HamiltonSalesperson
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Barry LittenAgent
The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.
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